27 Morehead StreetLambton NSW 2299
Property Details for 27 Morehead St, Lambton
Last Listing description (September 2022)
Ray White Commercial is pleased to present to market this conveniently located medical practice with parking in the heart of Newcastle's medical precinct. The property is offered for sale via Auction.
This boutique commercial premises was previously converted from a freestanding residence, and boasts a flexible floor plan currently configured as a specialist medical practice. The property has a large reception area, consulting rooms, a treatment room and associated amenities. The flexible B2 zoning allows for multiple alternative uses for the premises with an abundance of future upside through renovation and rental uplift, development or repositioning.^
The property is located in a vibrant neighbourhood opposite the popular Lambton Park and well suited for health-related uses, with accessibility for clients and within a three-minute walk from a free council car park. Lambton is less than 3 km* from John Hunter Hospital and only 8 km* from Newcastle CBD.
Additional highlights of the asset include:
Land area - 461.6 sqm*
B2 Local Centre Zoning, including commercial premises
Existing fit out including 2 consulting rooms, reception & waiting room, treatment room and office
Prime location opposite Lambton Park and moments from Lambton town centre
2.4 km* to Calvary Mater Hospital, Waratah
3 km* to John Hunter Hospital Precinct
2.5 km* to Newcastle University Campus
8 km* to Newcastle CBD
Great opportunity for medical operators, investors or future residents
Offered with vacant possession
The property will be sold via Auction on Wednesday, 29 June 2022 at 11am (AEST). The Auction will be held on site.
For further information, please contact the exclusive selling agents.
* Approximately
^S.T.C.A
Property History for 27 Morehead St, Lambton, NSW 2299
- 29 Jun 2022Sold for $1,507,000
- 30 May 2022Listed for Sale AUCTION
- 29 Jun 2001Sold for $55,000
Recent sales nearby
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About Lambton 2299
The size of Lambton is approximately 2.8 square kilometres. There are 15 parks, covering nearly 12.6% of the total area. The population of Lambton in 2016 was 4909 people. By 2021 the population was 5214 showing a population growth of 6.2% in the area during that time. The predominant age group in Lambton is 50-59 years. Households in Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lambton work in a professional occupation.In 2021, 63.00% of the homes in Lambton were owner-occupied compared with 61.70% in 2016.
Lambton has 2,746 properties. Over the last 5 years, Houses in Lambton have seen a 48.94% increase in median value, while Units have seen a 46.00% increase. As at 31 May 2026:
- The median value for Houses in Lambton is $1,300,907 while the median value for Units is $784,751.
- Houses have a median rent of $750 while Units have a median rent of $550.
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